(BFM Stock Exchange) – CAC 40 ends slightly up after this session on Tuesday, September 30, when the United States is good at being won by yet another episode of paralysis of part of the federal expenses. The Parisian index won 2.5% over the whole of this month, however considered at risk.
The Paris Stock Exchange saves the honor at the very end of the session. Down a good part of the day, the CAC 40 finally closes slightly increased by 0.19% to 7,895.94 points, this Tuesday, September 30.
Budgetary paralysis is watching for the United States but the Parisian index begins to be used to it.
In the absence of budgetary agreement at the US Congress, several federal expenses would indeed be frozen and the administrative services suspended. The publication of the US employment report, scheduled for Friday, could suffer from it and thus be postponed.
“In recent years these blockages have been avoided with compromises. Given the existing animosity today between the two parties, the risk is high of a suspension of the activities of certain services (…) which would leave the markets in the vagueness. Obviously, the more this dead end, the more negative for the economy,” commented LBPAM economists.
In the meantime, investors have taken note of the positions of posts in the United States, which turned out to be higher than expectations. In the United States, the number of job offers increased to 7.227 million in August, much more than the 7.185 million openings expected by consensus, and after 7.208 million in July.
On the other hand, consumer confidence in the United States fell more than scheduled in September, 94.2 against 97.8 in August, according to the monthly conference board survey.
As for the monthly variation, the CAC 40 experienced a much more brilliant than feared month, with a gain of 2.49%, despite political upheavals in France at the beginning of the month. Finally in the quarter, the main barometer of the Paris Stock Exchange increased by 3%, bringing its annual earnings to almost 6.50%.
Valneva up
On the side of the values, Totalenergies still restores 2.5% leaded by the orientation of oil prices. The market is indeed counting on a new increase in production quotas for the organization of oil exporting countries and its allies (OPEC+) in November. The December contract on the Brent de Mer du Nord loses 1.15% at 66.32 Dollars per barrel while that of November on the WTI listed in New York abandons 1.2% to 62.70 Dollars per barrel.
Excluding CAC 40, Valneva jumped 8.3% thanks to reassuring clinical data on its chikungunya vaccine.
Ex-Orpea Emeis resumed 5.4% after delivering its half-yearly results and objectives by 2028.
In other markets, the euro is stable against the dollar at $ 1.1729.
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